ACCOUNTING CONCEPTS 0.0 / 5HideShow resource informationAccountingAccounting conceptsASAQACreated by: chloebuckbyCreated on: 14-09-15 10:41 7563214 Across 1. once the concept is chosen it should not change (11) 4. items grouped together (11) 7. the business is more than likely going to continue trading (5, 7) Down 2. should be recorded in the year they take place (8) 3. business and the owner have different identities (7) 5. no personal opinions should help valuations (11) 6. the lower of the cost and NRV (8)
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